3 years ago

It's easy to get discouraged on the job when things don't work out

Business

1 answer:

mart [117]3 years ago

5 0

Yes it is. Resilience separates strong from the weak.

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3 years ago

George is offered an investment opportunity by his friend Ray. He asks George for $6,900 and offers to repay him $12,990 after a

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Depositing in bank is a better option.

Explanation:

For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,

Future worth method is used here,

Given that,

PV = $6,900

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$FV = PV\times(1+R)^{N}$

$FV = 6,900\times(1+0.09)^{10}$

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Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.

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